The Mayors Fund To Advance New York City is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Mayors Fund To Advance New York City employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mayors Fund To Advance New York City is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Mayors Fund To Advance New York City generated $19.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (37.1%) each year. All expenses for the organization totaled $20.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (32.5%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mayors Fund To Advance New York City has awarded 17 individual grants totaling $895,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MAYOR'S FUND TO ADVANCE NEW YORK CITY SERVES AS THE PRIMARY VEHICLE FOR NEW YORK CITY'S BUSINESS, FOUNDATIONAL AND PHILANTHROPIC COMMUNITIES TO ENGAGE CITY GOVERNMENT, CONTRIBUTE TO PUBLIC PROGRAMS AND ENHANCE OUR CITY'S ABILITY TO SERVE ITS RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAYOR'S FUND, IN PARTNERSHIP WITH MAYOR'S OFFICE OF YOUTH EMPLOYMENT, SECURED A $1.5 MILLION GRANT THAT WILL EXPAND THE IMPLEMENTATION OF TWO STEM-RELATED INITIATIVES OVER THE NEXT 3 YEARS, EXPLORING FUTURES AND COLLEGE NOW FOR CAREERS, SERVING MIDDLE AND HIGH SCHOOL STUDENTS.
THE MAYOR'S FUND, IN PARTNERSHIP WITH THE DEPARTMENT OF CONSUMER AFFAIRS OFFICE OF FINANCIAL EMPOWERMENT, AND THE MAYOR'S OFFICE FOR PEOPLE WITH DISABILITIES SECURED $50,000 FROM THE TAFT FOUNDATION FOR EMPOWERED NYC TO EXTEND FINANCIAL COUNSELING SERVICES TO NEW YORKERS WITH DISABILITIES. THE NEW YORK CITY SOCCER INITIATIVE (NYCSI), A MAYOR'S FUND PARTNERSHIP WITH ADIDAS, NYC FOOTBALL CLUB, U.S. SOCCER FOUNDATION, AND ETIHAD AIRWAYS, TO PROMOTE PHYSICAL HEALTH, YOUTH DEVELOPMENT, AND COMMUNITY ENGAGEMENT THROUGH SOCCER, COMPLETED ITS FIFTH YEAR. IN 2022, NYCSI HOSTED ITS FIRST COMMUNITY CUP, A CELEBRATORY 5V5 TOURNAMENT ON THE 50 NYCSI-CONSTRUCTED BLUE MINI-PITCHES WITH YOUNG PEOPLE IN ALL FIVE BOROUGHS.THE MAYOR'S FUND LAUNCHED MORE THAN A ROOF, WHICH PROVIDED FUNDING FOR THE FOLLOWING PROGRAMS: - IN PARTNERSHIP WITH THE NYC HUMAN RESOURCES ADMINISTRATION, THE MAYOR'S FUND PROVIDED 460 TARGET GIFT CARDS TO NYC HRA'S OFFICE OF DOMESTIC VIOLENCE CLIENTS, TRANSITIONING IN AND OUT OF SHELTER, FOR EVERYDAY ESSENTIALS LIKE CLOTHING, TOILETRIES AND SELF-CARE PRODUCTS TO HOUSEHOLD SUPPLIES, EDUCATIONAL MATERIALS, AND TECHNOLOGY. - IN PARTNERSHIP WITH THE UNITY PROJECT, THE MAYOR'S FUND WORKED WITH AN LGBTQ+ SERVING VENDOR TO PROVIDE DIRECT CASH ASSISTANCE TO 80 VULNERABLE NEW YORKERS HARDEST HIT BY THE COVID-RELATED ECONOMIC CRISIS. - IN PARTNERSHIP WITH THE MAYOR'S OFFICE OF CRIMINAL JUSTICE, THE MAYOR'S FUND GRANTED FUNDING TO A NONPROFIT WORKING TO ENHANCE WORKFORCE DEVELOPMENT AND LIFE SKILLS PROGRAMMING THAT SUPPORT SUCCESSFUL REENTRY FOR WOMEN, INCLUDING AN IN-HOUSE ENTREPRENEURSHIP TRAINING, A TECHNOLOGY LITERACY CURRICULUM, AND CAREER MENTORSHIP. DURING THE YEAR ENDED JUNE 30, 2022, THE FUND'S TOTAL NET POSITION DECREASED BY $2,579,222, OR 14%, FROM THE PREVIOUS YEAR DUE TO THE FOLLOWING CHANGES IN REVENUE AND EXPENSES: DURING THE YEAR ENDED JUNE 30, 2022, TOTAL CONTRIBUTIONS AND GRANTS WERE $18,794,547, AN INCREASE OF $911,103, OR 5%, FROM THE YEAR ENDED JUNE 30, 2021. DURING THE YEAR ENDED JUNE 30, 2022, TOTAL EXPENSES WERE $20,692,769, A DECREASE OF $7,522,710, OR 27%, FROM THE PREVIOUS YEAR.
THE CONNECTIONS TO CARE (C2C) PROGRAM, IMPLEMENTED 2016 TO 2021, INTEGRATED MENTAL HEALTH SUPPORT AT COMMUNITY-BASED ORGANIZATIONS (CBOS) SERVING LOW-INCOME AND AT-RISK POPULATIONS.. IN FY22 CBO PARTNERS IDENTIFIED STRATEGIES TO SPREAD AND REPLICATE THE LESSONS OF C2C AND SUSTAIN THE MENTAL HEALTH INTEGRATION MODEL.
THE TWIN PARKS FIRE, ON 1/9/22 IN THE BRONX, IMPACTED 158 HOUSEHOLDS. THE MAYOR'S FUND RAISED $4.4 MILLION TO SUPPORT VICTIMS, AND CONTRACTED WITH BRONXWORKS TO PROVIDE CASE MANAGEMENT SERVICES ($1M) AND DISTRIBUTE $3M IN CASH ASSISTANCE. THE REMAINING FUNDS ARE BEING USED TO SUPPORT OTHER EMERGENCY NEEDS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sheena Wright Chair | OfficerTrustee | 1 | $0 |
Bill Heinzen Vice Chair | OfficerTrustee | 1 | $0 |
Gary Jenkins Director | Trustee | 1 | $0 |
Dawn Pinnock Director | Trustee | 1 | $0 |
Marcella J Tillett Co-Executive Director (3 Months) | OfficerTrustee | 40 | $53,751 |
Mir Bashar Treasurer | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Nyc Department Of Youth And Community De Youth And Community Development Programs | 6/29/22 | $7,782,615 |
Usio Inc Payment Data Systems | 6/29/22 | $2,054,599 |
Helen Keller International Health Care | 6/29/22 | $870,744 |
Quennell Rothschild & Partners Llp Architect Services | 6/29/22 | $701,640 |
Bronx Works Inc Human Services | 6/29/22 | $2,034,875 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $700,000 |
All other contributions, gifts, grants, and similar amounts not included above | $18,501,140 |
Noncash contributions included in lines 1a–1f | $49,736 |
Total Revenue from Contributions, Gifts, Grants & Similar | $19,201,140 |
Total Program Service Revenue | $0 |
Investment income | $216,408 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $19,417,548 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $880,487 |
Compensation of current officers, directors, key employees. | $208,199 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $196,061 |
Pension plan accruals and contributions | $25,167 |
Other employee benefits | $288,108 |
Payroll taxes | $79,719 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $75,769 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $2,842 |
Fees for services: Other | $208,898 |
Advertising and promotion | $3,713 |
Office expenses | $1,525 |
Information technology | $10,304 |
Royalties | $0 |
Occupancy | $0 |
Travel | $8,616 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $200 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $14,557 |
All other expenses | $3,831 |
Total functional expenses | $20,399,362 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $5,184,229 |
Pledges and grants receivable | $1,187,887 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $5,415 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $11,140,785 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $17,518,316 |
Accounts payable and accrued expenses | $2,238,907 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $2,238,907 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $15,279,409 |
Total liabilities and net assets/fund balances | $17,518,316 |
Over the last fiscal year, The Mayors Fund To Advance New York City has awarded $150,000 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
HOPE PROGRAM PURPOSE: CONNECTIONS TO CARE | $50,000 |
RED HOOK INITIATIVE PURPOSE: CONNECTIONS TO CARE | $50,000 |
THE DOOR PURPOSE: CONNECTIONS TO CARE | $50,000 |